The Financial Coup d’État & Missing Money: Links


“A global financial cabal engineered a fraudulent housing and debt bubble, illegally shifted vast amounts of capital out of the US; and used ‘privatization’ as a form of piracy – a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder Clearly, there was a global financial coup d’etat underway.” ~Catherine Austin Fitts

Source :Solari.com
Catherine Austin Fitts
January 19, 2017

We have had several requests to provide links for summaries of what I refer to as the “missing money.”

Financial Coup d’État

This was a commentary I wrote during the bailouts to help put what was happening in a global context. We also published several compilations of the bailouts, including Bailout Mo’ Money

2013 Annual Wrap Up: Chronology of the Black Budget and Financial Coup d’État

I put together a timeline in the 2013 Annual Wrap Up published in January 2014 to show an overall timeline and numbers to help our subscribers understand the numbers I used in various estimates.

Solari: The Missing Money

I started writing about the missing money in 2000 when my attorney discovered reports of enormous amounts of undocumentable adjustments at the Department of Housing and Urban Development. This was a webpage the Solari team used through 2004 to collect stories about money going missing from DOD, HUD and NASA.

WhereistheMoney.org

This was a website and petition we did in 2003-4 to try to raise awareness.

More recently, I have mentioned money missing from DOD during Fiscal 2015, see Crazy Man Versus Criminal: Cut and Run, Monica Lweinsky II & Real Trouble Ahead

These refer to the DOD IG report on the FY2015 DOD Financials which is summarized here.

In response to your requests, I will dig in and take a closer look at the 2o15 DOD report and post comments here.

Read More At: Solari.com

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At The Eye Of A Looming Storm? Those Banker Deaths & More Missing…[Part 2]

Banksters
Source: GizaDeathStar.com
Dr. Joseph P. Farrell
January 29, 2017

Yesterday I began this two part blog by noting an important article that appeared in Bloomberg Business Weekly, authored by Vernon Silver and Elissa Martinuzzi, concerning how Deutsche Bank made billions disappear from its books. At the end of that blog, I noted the banker deaths that mysteriously surrounded the Deutsche Bank transactions with Michele Faissola and the Italian Banca dei Paschi di Sienna, a bank in continuous operation since the Renaissance. I also noted Bloomberg’s “take” that this transaction was a microcosm of Deutsche Bank’s other operations. Finally, I noted that the banker deaths were not confined to associations with Deutsche Bank, but that they engulfed other prime banks and even some insurance institutions in the Western financial system, among them J.P. Morgan Chase. So to refresh our memory, we have the following elements:

(1) Derivatives trade, which comprise in part mortgage-based securities, that are tied to “triggers” such as interest rates;

(2) Deutsche Bank’s role in helping rig the LIBOR(London Inter-Bank Offered Rate), one such “trigger”;

(3) the global phenomenon of banker deaths, which I now hypothesize is an indicator that Deutsche Bank’s practices are, indeed, not confined to that bank alone but part of a systemic “operating procedure” for purposes yet to be speculated about; and,

(4) the details of the Deutsche Bank-Banca dei Paschi di Sienna transaction, currently being investigated and adjuticated in Italy.

Let us refresh our memory on the details of that last point, for they bear directly on today’s high octane speculation, which I have titled “I PROMIS you it will Float”:

That’s typically a red flag to auditors and regulators, and it took almost a month for Deutsche to alter the deal so it contained a small amount of actual risk. The bankers did this by mixing in two interest rate triggers—that is, prices to be fed into a formula that would determine how much money the participants in the trade had to pay or receive from each other. But that created a slight possibility that Paschi could win both sides of the bet. To mitigate this potential Deutsche loss—as much as €500 million—Deutsche added a third trigger. Underlying the now complex flowcharts of rates, payments, and triggering events was the asset on which the transactions were to be based: about €2 billion in Italian government bonds.

Further illustrating the incestuousness of the deal, Paschi would need to buy the bonds and hand them over to Deutsche as collateral. Deutsche, for the sake of its own accounting, would need to sell the bonds to come up with cash that it then would give right back to Paschi to pay off the Santorini loss. And Paschi would buy the bonds in the first place from a third bank that had bought them from Deutsche.

Now notice that this is simply a circular “triangle” designed to facilitate the accounting practice that would allow the whole transaction to be kept off the balance sheets:

Deutsche also benefited from the way it accounted internally for its side of the deal. That complex shuttling of Italian bonds? The bank decided that all of the back-and-forth maneuvers canceled themselves out and did not need to appear on its balance sheet. Deutsche began to apply the practice to transactions around the world, totaling more than $10 billion that never showed up on its books and making the bank look smaller and less risky than it really was.

But what is really going on? I suspect it has a great deal to do with a method of generating money and keeping that money off the books, a method known as the “float.” (There are actually two kinds of floats here, but we’re only considering one of them in this exercise of high octane speculation). Investopedia defines the first type of float this way:

Money in the banking system that is briefly counted twice due to delays in processing checks. Float is created when a bank credits a customer’s account as soon as a check is deposited. However, it takes some time for the check to be received from the payer’s bank. Until the check clears from the payer’s bank, the amount of the check appears in the accounts of both the recipient’s and payer’s banks.(See Investopedia: What does “float” mean?)

Notice that money deposited in an account appears on the bank’s books as a liability of the bank; however, prior to actual clearing of the transaction, both at the paying and receiving end, that money is in a kind of accounting limbo, during which time it can actually function as a “hidden” reserve, allowing the bank to use it for very quick transactions on which it will earn more money, before the transaction is cleared.

In this case, the Deutsche Bank-Banca dei Paschi di Sienna triangular transaction created an enormous float, which could be conveniently tracked in real time by…oh, say, a database management software program like PROMIS, brainchild of Inslaw Corporation and its founder, William Hamilton. As most readers here are aware, Inslaw’s software was stolen by the Reagan Justice Department, modified with several backdoors, and then covertly marketed by the American intelligence community to a variety of countries. As I noted in Hidden Finance, Rogue Networks, and Secret Sorcery, this software could track anything – including financial flows – in real time through a variety of databases.

Such money generated by this practice may, or may not, be entered on the bank’s books. In the latter case, it would constitute a “hidden reserve”, so to speak, which can then be used to create even more liquidity. As I’ve noted above, coupling this practice to the derivatives and to mortgage fraud – think only of Catherine Austin Fitts’ story detailing massive mortgage fraud in the Department of Housing and Urban Development when she was assistant secretary there, and one creates an enormous hidden financial system with a volume of liquidity that would probably boggle the mind, liquidity that in turn can be covertly used for a variety of purposes, from manipulation of markets of all sorts – commodities, bullion, interest rates and so on – to covert funding mechanisms for covert operations and, given the sheer scale of the system, funding for expensive black projects research and technologies, and even as a mechanism to fund “off world” projects and trade. Keeping the float secret is, I am arguing, a fundamental component of this hidden system of finance, and it would be a national security secret worth keeping at any price, including the murder of those who…

Continue Reading At: GizaDeathStar.com
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About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

…A Trillion Here, A Trillion There, And Pretty Soon…

 … A TRILLION HERE, A TRILLION THERE, AND PRETTY SOON ...
Source: GizaDeathStar.com
Dr. Joseph P. Farrell
August 14, 2016

Remember former Secretary of Defense Don Rumsfeld’s press conference the day before 9/11, when he said that an audit of the Pentagon could not account for $2,200,000,000,000? Well, that little “disclosure” of course was whisked right out of the news due to the events of the following day. But wait, there’s more. Then Florida Congressman Alan Garyson, and Georgia Congresswoman Cynthia McKinney attained some notoriety by pressing the issue, when Rumsfeld came up with more missing money. One of my favorites back then was Ms. McKinney grilling Mr. Rumsfeld and Associates on who held the data management contracts for the Pentagram… “Well, uhm…. er…., I don’t have those facts and figures with me at the present moment…”

Really? You show up to a Congressional committee without the information it’s seeking?

Well, forget about that mere 2.2 trillion dollars Mr. Rumsfeld was anxious about back in 2001. it’s now up to 6.5 trillion, according to this article that many of you shared this past week:

Pentagon’s Sloppy Bookkeeping Means $6.5 Trillion Can’t Pass an Audit

Absorb that for a moment: 6.5 trillion dollars is missing…. Think of the roads, bridges, schools, hospitals, that could be repaired with that amount of money. And what’s really galling here is the doublespeak trying to explain all this:

The Defense Finance and Accounting Service, the behemoth Indianapolis-based agency that provides finance and accounting services for the Pentagon’s civilian and military members, could not provide adequate documentation for $6.5 trillion worth of year-end adjustments to Army general fund transactions and data.

The DFAS has the sole responsibility for paying all DOD military and personnel, retirees and annuitants, along with Pentagon contractors and vendors. The agency is also in charge of electronic government initiatives, including within the Executive Office of the President, the Department of Energy and the Departing of Veterans Affairs.

There’s nothing in the new IG’s report to suggest that anyone has misplaced or absconded with large sums of money. Rather, the agency has done an incompetent job of providing written authorization for every one of their transactions – so-called “journal vouchers” that provide serial numbers, transaction dates and the amount of the expenditure.

In short, the DFAS has lagged far behind in providing the tracking information essential to performing an accurate audit of Pentagon spending and obligations, according to the IG’s report.
(Emphasis added)

Now, that’s interesting.

The money isn’t really missing, you see, it’s just that “we’re lagging behind” our ability to record and post transactions by only a few months.That’s all. Nothing to see here. Move along.

Uh-huh…

Now, we all know what banks do with our money when we deposit it. It still “takes awhile” for that money to be posted to your account, even in this digital day and age. “It hasn’t cleared yet,” is the standard excuse. So what they do is to use that money before it posts(but I thought it hadn’t cleared yet?), to make more money. Now, imagine the same process, but taking not days, but weeks or months, and you get the idea. It’s a nifty way to make more money for your black projects research and keep everything off the books.

But I cannot help, as regular readers here know, to indulge in some more high octane speculation. And in this respect, that figure of 6.5 trillion caught my eye, for it’s in the ball park of the 6 trillion dollars from the second bearer bonds scandal of 2009 that occurred in Italy. Remember that one? The Italian financial police recovered…

Continue Reading At: GiaDeathStar.com
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Profile photo of Joseph P. Farrell
Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

ADDITIONAL MISSING TRILLIONS: Audit Reveals That Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone


TheBreakaway
Zy Marquiez
August 8, 2016

In a new seemingly ludicrous turn of events, $6.5 trillions dollars have gone missing, as reported by a new Department of Defense Inspector Generals report.

This money missing reminds me of what author and researcher Dr. Joseph P. Farrell of [GizaDeathStar.com] has covered over the last few years.

Dr. Farrell has postulated that a hidden system of finance is running parallel to academic and historian Richard Dolan’s [RichardDolanPress.com] idea of a Breakaway Civilization.  Both ideas would have to run in tandem for an entire separate civilization to detach from humanity, and create an entirely independent civilization and paradigms with their hyper-advanced technological capabilities.

This Breakaway Civilization with hyper-advanced technological capabilities would inherently require a system of funding [hidden system of finance that runs behind the scenes], and it just so happens that money curiously goes missing every now and then, and in exorbitant amounts.

Also, please keep in mind that if am not mistaken, Former Assistant Secretary Of The Housing & Urban Development Catherine Austin Fitts of [Solari.com] postulated after extensive analysis that $40 Trillion dollars has gone missing in the last few decades or so, and it has to be going somewhere.  Such an allegation might seem outlandish, until one realizes that this isn’t the first time this has happened.

In fact, the day BEFORE 9/11 it just so happened that Donald Rumsfeld stated that $2.3 Trillion Dollars went missing.  This news was reported by CBSNews.com.

Furthermore, as Reuters Reported, $8.3 Trillion dollars went missing a while back as well.

There are more examples than that, but you get the picture.

As we can gather, these events are in fact part of a larger pattern.  What will all these dots paint as a picture?  Only time will tell.

New Audit Reveals That Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone

war

Source: ActivistPost.com
Jay Syrmopoulos
August 7, 2016

A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account for $6.5 trillion dollars worth of Army general fund transactions and data, according to a report by the Fiscal Times.

The Pentagon, which has been notoriously lax in its accounting practices, has never completed an audit, would reveal how the agency has specifically spent the trillions of dollars allocated for wars, equipment, personnel, housing, healthcare and procurements allotted to them by Congress.

Beginning in 1996 all federal agencies were mandated by law to conduct regular financial audits. However, the Pentagon has NEVER complied with that federal law. In 20 years, it has never accounted for the trillions of dollars in taxpayer funds it has spent, in part because “fudging” the numbers has become standard operating procedure at the Department of Defense, as revealed in a 2013 Reuters investigation by Scot Paltrow.

According to the report by the Fiscal Times:

An increasingly impatient Congress has demanded that the Army achieve “audit readiness” for the first time by Sept. 30, 2017, so that lawmakers can get a better handle on military spending. But Pentagon watchdogs think that may be mission impossible, and for good reason…

The Defense Finance and Accounting Service (DFAS), the behemoth Indianapolis-based agency that provides finance and accounting services for the Pentagon’s civilian and military members, could not provide adequate documentation for $6.5 trillion worth of year-end adjustments to Army general fund transactions and data.

The DFAS has the sole responsibility for paying all DOD military and personnel, retirees and annuitants, along with Pentagon contractors and vendors. The agency is also in charge of electronic government initiatives, including within the Executive Office of the President, the Department of Energy and the Departing of Veterans Affairs.

While there is nothing in the IG’s report specifying that the money has been stolen, the mere fact that the Pentagon can’t account for how it spent the money reveals a potentially far greater problem than simple theft alone.

For every transaction, a so-called “journal voucher” that provides serial numbers, transaction dates and the amount of the expenditure is supposed to be produced. The report specifies that the agency has done such a poor job in providing documentation of their transactions, that there is no way to actually know how $6.5 trillion dollars has been spent. Essentially, the government has no way of knowing how the Pentagon has spent the trillions of taxpayer dollars allocated by Congress for national defense.

In turn, employees of the DFAS were routinely told by superiors to take “unsubstantiated change actions” commonly referred to as “plugging” the numbers. These “plugs” – which amounted to falsifying financial records – were then used to create the appearance that the military’s financial data matched that of the U.S. Treasury Department’s numbers when discrepancies in the financial data couldn’t be accounted for, according to the Reuters investigation.

According to that Reuters investigation:

For two decades, the U.S. military has been unable to submit to an audit, flouting federal law and concealing waste and fraud totaling billions of dollars.

Linda Woodford spent the last 15 years of her career inserting phony numbers in the U.S. Department of Defense’s accounts.

Every month until she retired in 2011, she says, the day came when the Navy would start dumping numbers on the Cleveland, Ohio DFAS…. Using the data they received, Woodford and her fellow accountants there set about preparing monthly reports to square the Navy’s books with the U.S. Treasury’s…. And every month, they encountered the same problem. Numbers were missing. Numbers were clearly wrong. Numbers came with no explanation of how the money had been spent or which congressional appropriation it came from.

While many of the problems occurred due to bookkeeping errors rather than actual financial losses, the DFAS has failed to provide the necessary tracking information essential to performing an accurate audit of Pentagon spending and obligations, according to the IG’s report.

“Army and Defense Finance and Accounting Service Indianapolis personnel did not adequately support $2.8 trillion in third quarter adjustments and $6.5 trillion in year-end adjustments made to Army General Fund data during FY 2015 financial statement compilation,” wrote Lorin T. Venable, the assistant inspector general for financial management and reporting. “We conducted this audit in accordance with generally accepted government auditing standards.”

The Pentagon has a chronic failure to keep track of its money – how much it has, how much it pays out and how much is wasted or stolen. Adding to the appearance of impropriety is the fact that thousands of documents that should be on file have been removed and disappeared without any reasonable explanation.

DFAS “did not document or support why the Defense Departmental Reporting System . . . removed at least 16,513 of 1.3 million records during Q3 FY 2015. As a result, the data used to prepare the FY 2015 AGF third quarter and year-end financial statements were unreliable and lacked an adequate audit trail,” according to the IG’s report stated.

The accounting errors and manipulated numbers, though obviously problems in their own right, highlight a far greater problem for the Defense Department than only bad recording keeping and wasteful spending habits. In reality, they are a representation of the poor decision making, and lack of oversight and accountability that plague our nation’s government as a whole.

While the Department of Defense can’t account for $6.5 trillion dollars of taxpayer funds, in 2014 there were 47 million people, including over 15 million children, living in poverty in the U.S. – %15 of the U.S. population, which is the largest total number in poverty since records began being kept 52 years ago.

Please share this story if you are appalled by the fact that there are Americans that are homeless and hungry, including U.S. combat veterans — while the government is unable to account for $6.5 trillion dollars of taxpayer money.

Read More At: ActivistPost.com

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Jay Syrmopoulos writes for TheFreeThoughtProject.com, where this article first appeared.

Ep. 430 FADE to BLACK Jimmy Church w/ Richard Dolan: Secret Space Program & Breakaway Civilizations

TheBreakaway
Zy Marquiez
May 31, 2016

In this interview, Jimmy Church of Fade To Black interviews UFO Historian, author, researcher and lecturer Richard Dolan, who coined the term Breakaway Civilization.

Dolan discusses this theory, and how it is connected to the Secret Space Program.

Richard Dolan has researched UFOs and related phenomena since the early 1990s. He is the author of the historical series, UFOs and the National Security State (volumes one and two), as well as an analysis of the future, A.D. After Disclosure: When the Government Finally Reveals the Truth About Alien Contact. He has appeared widely on radio and television, including Coast-to-Coast AM, CNN, The History Channel, SyFy, BBC, and elsewhere. Since 2012, Richard has hosted “The Richard Dolan Show,” airing on KGRA Radio. In his writings and interviews, Richard has analyzed the destruction of our political liberties as a result of the UFO cover-up, the possible nature of the non-humans themselves, what their presence means for our civilization, why he believes the cover-up will end within our lifetime, and what is likely to happen after that. With the completion of UFOs for the 21st Century Mind, Richard plans to complete the third volume of UFOs and the National Security State, which will take the history of the UFO reality and cover-up to the present day. In earlier years, Richard had been a Rhodes Scholar finalist, earned a Bachelor’s and Master’s degree in History, and received a Certificate in Political Theory at Oxford University. Born in Brooklyn, raised on Long Island, he continues to live in Rochester, New York, where he spent many years raising his family. Visit his website at richarddolanpress.com.

The interview begins at the 32:45 mark.  Enjoy.

The Strange Case Of The Disappearing Chinese Billionaires

disappearing
Source: GizaDeathStar.com
Joseph P. Farrell Ph.D
January 14, 2016

Over the past few years we’ve tracked a lot of very strange stories having to do with high finance, from the Bearer Bonds scandals and all the high strangeness surrounding them, to the strange raft of banker suicides and deaths, and now we have the strange case of missing Chinese billionaires, in this article shared by Mr. R.R:

Amid Stock Market Panic, Dozens of Chinese Billionaires Are Mysteriously Disappearing

This case appears with the recent difficulties in the Chinese stock markets, which have made mainstream news. Here, however, it would seem there is something deeper afoot, as is suggested by the article:

Dozens of other wealthy executives throughout China have disappeared in the past year, many of them under different circumstances. It is apparent that there is a growing corruption investigation in which many of these executives are implicated. However, only a small number of them have been officially announced as being in government custody. With that being the case, it is likely that some of the executives have fled and are in hiding expecting that they will soon be jailed. It is also possible that the government is sweeping them up in the middle of the night, as secret police in dictatorships have been known to do throughout history.

Also, it is unclear whether these corruption investigations are witch hunts, designed to place blame for the declining economy, or if it is a legitimate effort to keep bankers and executives accountable for their actions. There is no doubt that the government was involved in whatever corruption may have been taking place, but as always they are in charge of the investigation so it is unlikely that any government agents or employees will be implicated.

One is tempted to point out that in any closed political and financial system that functions, ultimately, and at the top, that corruption will always run rampant. The article itself indeed hints at this, and hints that such investigations are the standard fare that one might expect in an authoritarian regime. “Business as usual,” in other words.

Continue Reading At: GizaDeathStar.com